C WorldWide Group Holding A S decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,863,425 shares of the home improvement retailer’s stock after selling 43,046 shares during the period. Home Depot makes up about 8.4% of C WorldWide Group Holding A S’s holdings, making the stock its 2nd biggest position. C WorldWide Group Holding A S owned approximately 0.26% of Home Depot worth $664,372,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Nuveen Asset Management LLC increased its position in Home Depot by 3,457.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares during the period. Thoroughbred Financial Services LLC increased its position in Home Depot by 21,191.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock worth $353,410,000 after purchasing an additional 3,517,498 shares during the period. Invesco Ltd. increased its position in Home Depot by 104.6% during the 2nd quarter. Invesco Ltd. now owns 4,531,199 shares of the home improvement retailer’s stock worth $942,353,000 after purchasing an additional 2,316,574 shares during the period. Fisher Asset Management LLC increased its position in Home Depot by 26.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock worth $1,423,472,000 after purchasing an additional 1,280,467 shares during the period. Finally, AMF Pensionsforsakring AB acquired a new position in Home Depot during the 2nd quarter worth approximately $197,884,000. Institutional investors own 70.02% of the company’s stock.
In related news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.
HD has been the topic of a number of research reports. KeyCorp restated a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. Morgan Stanley upped their price target on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer upped their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wolfe Research initiated coverage on Home Depot in a report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $229.77.
HD stock traded down $0.10 on Friday, reaching $232.84. The company had a trading volume of 2,088,225 shares, compared to its average volume of 2,590,316. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $238.99. The company’s fifty day moving average is $232.18 and its 200 day moving average is $214.53. The company has a market cap of $254.29 billion, a P/E ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 EPS. Home Depot’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Home Depot Inc will post 10.12 EPS for the current year.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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